You are about to leave the Clifford Swan website. We are not responsible for the content or accuracy of information on any third-party websites nor do we monitor or endorse such websites. If you would like to leave the Clifford Swan website and visit the third-party website, please select “Continue” below.
The investment industry has come a long way, offering Americans more ways than ever to build wealth. But the rise of alternatives—once the exclusive domain of institutions and the ultra-wealthy—has made it more difficult to cut through the noise and identify what matters. We’ve developed a framework to help. For most of our country’s history, […]
In April, the Internal Revenue Service waived penalties for beneficiaries of individual retirement accounts subject to required minimum distributions under the 10-year rule that do not take distributions in 2024. This extends the relief period for RMDs that would have had to been taken from 2020 through 2023 to include the 2024 tax year. The 10-year […]
With payout rates higher than they have been in more than a decade, and possible interest rate cuts on the horizon, now is an opportune time to consider establishing a charitable gift annuity. As we’ve said in previous articles, charitable gift annuities can be a great option for donors seeking an income stream. The mechanics are […]
Imagine a journey where your financial success knows no bounds and your potential is limitless. You are an achiever, and your ambition is the driving force behind your success. Now, let’s channel that energy into your financial roadmap with the guidance of a dedicated investment counselor. We’ll explore how, together, you can create a narrative […]
Every year income taxpayers need to decide between taking the standard deduction or itemizing. For those that itemize deductions, a strategy to combine two years’ worth of charitable giving into one year has been a financial planning consideration for years. The Tax Cuts and Jobs Act (TCJA) of 2017 made this strategy even more relevant. […]
The Internal Revenue Service has again postponed releasing final rules on required minimum distributions for inherited individual retirement accounts. Because of the delay, some beneficiaries of IRAs inherited after 2019 won’t be penalized for not taking required minimum distributions in 2023. <br> BACKGROUND There have been many important legislative changes for retirement accounts over the past few […]
The cost of education has never been higher. According to the National Center for Education Statistics, the cost of education has increased by two times the inflation rate since 2000. Despite the increase in education costs, tax-advantaged 529 savings plans, which are the primary savings vehicle for education, have been underfunded by most Americans. Concerns […]
Updated March 2, 2023 to reflect the updated California tax deadline. NEW BEGINNING AGES FOR RMDS The SECURE Act that was signed into law at the end of 2019 changed key rules around Individual Retirement Accounts (IRAs). Notably, the age to begin taking required minimum distributions increased from 70.5 to 72. The Act also eliminated […]
Now is a good time for those wanting to give to consider establishing a charitable gift annuity. At its core, a CGA is an arrangement whereby assets are given to a charity in return for the charity’s promise to make lifetime payments of a fixed amount to a beneficiary, who is often the donor. This […]
There are many ways to support charitable causes financially. There are outright cash donations, bequests in an estate, different types of charitable trusts, as well as charitable gift annuities. Today, we will focus on the latter. “The promise of a reliable income stream is often attractive to donors.” Charitable gift annuities, or CGAs for short, […]
Inflation is top of mind in the investment community. As my colleague Dan Mintz discusses in his corresponding article, inflation is historically high. At Clifford Swan, we have strategies to preserve and grow our clients’ wealth in an inflationary environment. Our approach to disciplined stock picking, as described by Dan, is one of them. In […]
Clifford Swan partner Lloyd Wong recently spoke on this topic as a guest on gerontologist Mary Winners’ “Visionary Aging” podcast.What do a fitness tracking device, a budget, and an appointment calendar have in common? They are all tools to motivate you and monitor your progress towards securing a successful retirement. “We believe it is best […]
Philanthropy is top-of-mind for many of our clients during the holiday season. In this theme, we are pleased to republish an article that Ken Dike, our Executive Director of Planned Giving Services, wrote for one of our nonprofit clients. Ken explains the differences between charitable gift annuities and charitable remainder trusts and answers common questions […]
Next Up
Explore how our services help individuals, families, and institutions achieve their financial goals with clarity and confidence.
